JD.com files for second listing on Hong Kong stock exchange
China's second largest retailer, JD.com may launch the offering to raise at least $2 billion as soon as next week.
Bloomberg News has reported, JD.com filed a preliminary prospectus on Friday with the Hong Kong stock exchange, this did not contain any share sale details. The business could launch the offering to raise at least $2 billion as soon as next week. The filing follows the same day online gaming firm NetEase told potential investors it was planning to price its Hong Kong listing at HK$123 each.
Both debuts would follow Alibaba Group Holding Ltd.’s $13 billion Hong Kong stock sale last year, recognised as a major achievement for Chinese companies and win for the Hong Kong stock exchange, which has lost many leading tech corporations to U.S. bourses because it didn’t allow dual-class share voting at the time — a requirement that’s since been relaxed.